Cost savings are top concern
for fleet managers, survey says
May 21, 2010 10:24 AM
Cost containment is a top priority for fleet managers and executive management, according to a recent survey conducted by GE Capital Fleet Services. Almost half (48%) of the survey respondents said cost savings is C-level executives’ main focus for fleet management in 2010 versus 36% from a 2009 survey.
Of the 75 fleet managers polled at the annual NAFA Institute & Expo in Detroit MI, respondents chose cost savings and driver safety as the top two issues they will focus on throughout the remainder of 2010. Specifically, 36% found meeting the company’s goals for cost savings to be the highest priority (up from 28% in 2009), while 21% were most concerned about driver safety (up from 12% in 2009).
“As we emerge from the downturn, companies continue to be strategic about their fleets while remaining attentive to costs and working to improve overall fleet efficiency,” said Clarence Nunn, chief executive officer of GE Capital Fleet Services. “With today’s advanced fleet management tools and services such as telematics and data analytics, fleet managers are able to help their company reach financial and operational goals.”
In order to reach cost and operational efficiency goals, fleet managers are turning to fleet management analytics. Respondents were split about which areas analytics helped their companies the most. Of those surveyed, 31% said operational efficiency of the fleet had improved through the use of analytics, while 32% indicated analytics helped their company with cost savings. Third on the list was purchasing decisions followed by compliance.
Consistent with 2009’s survey results, fleet managers said real-time asset data such as miles driven and fuel consumption are the most important metrics for managing their fleets. Of fleet managers surveyed, 21% selected workforce productivity metrics—such as jobs per day, travel time, and deliveries per day—as another important data point that allows them most efficiently manage their fleets.
Visit www.gefleet.com for more information about GE Capital Fleet Services.
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